$EVAA fell below the 1.35 level, with the current price at 1.2878.
When price moves above or below a key level, I generally look at three things:
① Close: An intraday break doesn’t count; it’s a true break only if the entire candlestick closes below 1.35.
② Rebound: Can the price reclaim the area around 1.35 on a rebound? If it can’t, support has turned into resistance.
③ Volume: Did trading volume increase during the break? A break on low volume is more likely to be false.
#EVAA
Use this as a reference only; you are responsible for your own gains and losses.
When price moves above or below a key level, I generally look at three things:
① Close: An intraday break doesn’t count; it’s a true break only if the entire candlestick closes below 1.35.
② Rebound: Can the price reclaim the area around 1.35 on a rebound? If it can’t, support has turned into resistance.
③ Volume: Did trading volume increase during the break? A break on low volume is more likely to be false.
#EVAA
Use this as a reference only; you are responsible for your own gains and losses.